On June 2, 2026, published accounts indicated that stakeholders were tracking a development that drew same-day news attention. On June 2, 2026, Mirae Asset Sharekhan’s Somil Mehta issued a sell call on Cholamandalam Investment and Finance Company.
The same reports noted that the recommended sell range was ₹1,494–₹1,495 with target ₹1,420 and stop loss ₹1,552. Technical reasons cited included lower tops and lower bottoms below short-term averages and a negative momentum crossover.
Further context from the day indicated key resistance was placed at 1,530 and support at 1,470. Separate MarketsMojo coverage had rated the stock Hold, not Sell, based on earlier March 2026 analysis.
The matter remains under active review according to published timelines.
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Sources:
https://timesofindia.indiatimes.com/business/cholamandalam-sell-call